Marcus & Millichap’s IPA Capital Markets Arranges $116.5 Million Construction Financing for Pacific Northwest Industrial Property

Marcus & Millichap's IPA Capital Markets Arranges $116.5 Million Construction Financing for Pacific Northwest Industrial Property

LOS ANGELES--(BUSINESS WIRE)--

IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, has arranged $116,525,065 in financing for the development of a 1.4 million-square-foot industrial property in the Pacific Northwest.

Gary Mozer, IPA Capital Markets executive managing director, and Lee Norman, senior managing director, both in the firm's Los Angeles office, secured the financing on behalf of a national real estate development and investment firm specializing in the acquisition, development and management of commercial real estate.

"The credit nature of the tenant allowed us to secure 95% loan-to-cost financing at a five-year fixed rate of 5.28%," said Mozer. "The loan includes yield maintenance prepayment terms, with the final six months open with no prepayment penalty."

About IPA Capital Markets

IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets.

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504820358/en/

Gina Relva, VP of Public Relations
[email protected]

Source: Marcus & Millichap, Inc.

Released May 4, 2026